Strength and Economic performanceAttempts to justify the unjustifiableThis is a revision of a post originally published July 28, 2025. Thanks go to Michael Ward of Ward Corporate Finance for his collaboration. See >>>Revision below.The topic in this post is cash flow. It is such a reassuringly simple notion. Cash flow is the flow of cash into and out of a company.And I would go so far as to say, understanding cash flow is critical for understanding the financial strength, economic performance and valuations ...